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Man, people should stop making these threads honestly. The threads from merit whales makes sense, but now what pretty much even people with a dozen merits create them? Just read around topics and conversations and give merit to people who actually deserve merit; because merits were intentionally made to be given that way in the first place. Not from these types of threads.
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*snip*
Definitely. There's definitely some more complications concerning lightning when talking about non tech-savvy people. But of course, technology moves forward along with ease-of-use. It will be ready in time. Anyway, best of luck with your publicizing of bitcoin. +1 |
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There is really no way to accurately pinpoint what caused the bear market; as there is simply just so much factors to take into account: market manipulation, fomo/fud, this "mtgox dump", aliens, the bermuda triangle, Bin Laden, etc, you name it!
The fact though is that the crash already happened; so lets stop wasting time trying to know what mostly caused it, as like I said, it's going to be next to impossible to know for sure anyway.
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*snip*
The thing though is that it's really debatable if bitcoin is ready enough for your mom & pop store transactions, as I'm pretty sure a lot of non tech-savvy people wouldn't want to go through the hassle of properly backing up private keys and such, and they definitely wouldn't want their earnings dropping in price due to volatility. But that's what services like BitPay are for I guess? Anyway, I somewhat agree. No matter how low the chances of convincing them to actually accept bitcoin, it definitely still helps adoption. Something something strength in numbers. |
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Bitcoin will be adopted when it's ready to be so. For now, pretty much all we can do is to wait.
About the scams though? While it's definitely unfortunate that a lot of people lost money due to they scams(and possibly are turned away from the cryptocurrency space because of this), there's so little we can do unfortunately. Scams have existed since forever, and will continue to exist for years to come. It's honestly partly their fault, as they just throw their money wherever, without doing any research at all.
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Not because someone is a bitcoin enthusiast it doesn't automatically mean that he/she is necessarily bullish on it, especially in the short term. It can definitely drop to the $2000 mark as it's honestly not that far off, we just don't know if it actually would. People also thought in the past that $6,000 was the floor, and then it dropped, and dropped, and dropped.
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They could easily put a dropdown menu instead of "go" where you would be able to change the coin that you wanna search. Or maybe something else before clicking on the "go". And on the main page, Bitcoin BTC is select, people could select Bitcoin Cash if they want to search for BCH. The same for ethereum.
In this case, it's merely a UI/UX problem. Not about blockchain.com adding an explorer feature to a coin that most people aren't interested in. BTW, it would be a cool feature of a search engine to start to offer. Google, duckduckgo or bing could easily do this.
Heavily agree. |
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I mean, I personally don't like BitcoinCash and I definitely don't hold a single satoshi of it; but in a business perspective, this is just blockchain.com simply catering to a wider audience whether we like it or not. The BCH community is definitely a lot smaller compared to the BTC community, but their number is still significant; hence blockchain.com is trying to capture their demographic. So instead of the BCH community using https://explorer.bitcoin.com/bch, they can now use blockchain.info as well. |
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Cloud mining sites are just simply a scam, or not profitable. It's just either one of those; so there's really no point in putting money in one besides if you're like super rich and you just want to throw away money for fun. In the case of Genesis mining, it looks legitimate to me(legitimate meaning they just don't go missing), but it's definitely not profitable. You're just going to end up having your daily profit go lower and lower until they simply close your plan due to profitability going negative.
If you want to do mining, go buy some graphics cards or buy some ASICs. There's no other way around that if you want to be profitable.
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It really depends how "small" the amount you're referring to is. Also, the platform you use depends on what country you're in; though I really heavily suggest using LocalBitcoins[1]. Before "investing" though, I really suggest that you actually learn what you're investing in first, and how to protect yourself. DO NOT invest in something you really don't understand. Take your time to read these:
[1] https://localbitcoins.com/ |
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Don't go for trading now,the market is still has no positive sign so the volatility also less which makes less or no profitable for the traders.
Sure, volatility can definitely decrease your potential profit, but not because the market isn't "positive" it doesn't automatically mean you can't make money in the current market situation. A good trader can make money regardless if it's a bull market or a bear market. I'm definitely not claiming that I'm a good trader though. |
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hold is no longer effective in the current market conditions.
"Hodling" can still be very effective whether or not we're in a bear market, it just hugely depends on how long you're actually willing to hold your coins/tokens. Short term though? of course it isn't likely to work. But if you hold it for years to come? It could definitely work; but it also depends on which coins/tokens you actually hold. |
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I still see some articles of some groups that focuses on good projects like nem and loyal coin but they don't seem to make a lot of people interested anymore.
Forgot to mention this. I'm actually surprised there has been sort of development "workshops" last year concerning NEM. I've seen a few people with NEM shirts too. Looks like they're roaming around countries trying to get people to the blockchain industry; which is nice I guess. I'm not sure what NEM is for though; haven't really done my research on it yet. |
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There's no such thing as a "best" choice when talking about these. If you know how to profit through doing day trading/intra-day trading, then go with it. If you'd rather do something else like having a job/business, while hold on to bitcoin or cryptocurrencies in general for years and simply wait out the price rises, then go hodl. As you may know, we're still in a bear market, whereas the prices are still slowly going down currently, then obviously the hodl strategy won't work(in the short term at least).
What's "best" really just depends on you.
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Most if not all of those telegram groups are big shams in the first place. They exist solely to make money off their followers/users. Think about it. If I knew a coin was to hugely pump in price, would I tell the public about it? Heck no. I'd buy in on my own so I can buy a lot more coins/tokens in lower prices.
If you want to do trading, then learn it on your own.
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jes.
the definition of shitcoin and not is based on coinmarketcap and its owners. they hold the whole power.
thats my point of few,
Who says shitcoins were determined by their price/marketcap on coinmarketcap though? People call shit projects shitcoins. Not projects that has a low price/marketcap. Also, there's literally more than a dozen marketcap sites we have right now. You don't specifically have to follow coinmarketcap(not including the others): https://coinsources.io/bitcoin/#trading_tools |
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the term "decentralisation" is of course being abused by the bitcoin founders,
who else controlls the centralised cryptocurrency index "coinmarketcap"? that is still influencing almost by 100% all "competing" other indexes.
its just a fake term, that abuses the malfunction of the banking cartels in order to profit from that and grasp for world domination.
the joke is that this whole card house they have build will sooner or later collapse. because of that abuse.
just look at the F.U. chart of Bitcoin
Are you actually implying that coinmarketcap is controlled by the "bitcoin founders"? What the hell. Market caps of coins/tokens can definitely be very inaccurate, but calling it "abuse for world domination" is something else. This is next level tinfoil hat crap. LOL |
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Some form of abuse is always to be expected in any kind of new technology unfortunately. Also adding the fact that bitcoin and most cryptocurrencies are pseudo-anonymous, the scams and hacks are definitely to be expected. For now, pretty much all we can do is to deal with it, until probably a better solution of handling private keys becomes invented. Something that could potentially easily convince the majority to hold their funds on their own wallets; in contrast to holding funds on exchanges and online wallets.
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Plus, you will get more family members and friends. Filipinos have this attitude that when someone is famous or have something in life, they tend to say He/She is my family member and the old family free will just pop up, but, they are not even there during your off seasons in life. Even just a maid by some famous celebrities Filipinos make it as a headline.
Exactly. Definitely one of the worst filipino traditions. So much people and "family and friends" asking for "balato" that you might as well give away everything you've earned. Hence I really prefer financial anonymity(for a lack of a better word). Talking about bitcoin or cryptocurrency to other people here: some will just say it is too low and kind of negative about it right now. When the price skyrocket? It is too high now, I can’t even afford to get into crypto world. Even worst, they will say you’re lucky you get into crypto while it is low. Come on, we already told you before to buy now - No one listen.
Yea. Experienced something similar. After talking for a few minutes describing bitcoin and what it's for, as a friend of mine who was looking interested asked about it. Ended up getting a sort of "when moon" question. |
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"Don't think we head north for at least a few more months". Heck, my rough guess is that we're going sideways for more than a year. Price stagnancy for more than a year has happened in the past, and personally, I'm really positive that it's going to happen again this year. Again though, just a guess; so don't take my word for it. With that said, let's stop focusing too much on the price please. Link to the tweet by the way: https://twitter.com/novogratz/status/1091353131869503488 |
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